CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the rank of India in terms of the recipient of FDI inflows in the year 2020, as per the World Investment Report 2021 by the UN Conference on Trade and Development?
A
3rd
B
5th
C
6th
D
7th
Explanation: 

Detailed explanation-1: -According to the World Investment Report released by the United Nations Conference on Trade and Development (UNCTAD), India remained among the top 10 (India rank: 7) global economies for FDI last year, despite the decline in FDI. Read about the relevant facts presented by the report for the IAS Exam preparation.

Detailed explanation-2: -It may be noted that as per the UNCTAD World Investment Report (WIR) 2022, in its analysis of the global trends in FDI inflows, India has improved one position to 7th rank among the top 20 host economies for 2021.

Detailed explanation-3: -Top 5 sectors receiving highest FDI Equity Inflow during FY 2021-22 are Computer Software & Hardware (24.60%), Services Sector (Fin., Banking, Insurance, Non Fin/Business, Outsourcing, R&D, Courier, Tech.

Detailed explanation-4: -The United Nations Conference on Trade and Developmentā€™s (Unctad) has released the annual World Investment Report. Highlights of the Report: India is ranked seventh despite a 30% decline in foreign direct investment (FDI) into the country. The United States ($367 billion) remained the top recipient of FDI.

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